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20130113
20130121
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Search Results 0 to 8 of about 9 (some duplicates have been removed)
is getting congress to increase the nation's debt ceiling at that talk about cutting the debt. that's where some think he will try to cement his legacy. >> he's going to try to get our long term in thailand obligations under control and set us on a new fiscal course. >> the president's first foreign-policy priority last term was israeli-palestinian peace. it's unlikely to take the top spot the second time, where most expect the president's focus to be on iran. >> it's hard to believe if we can't get a meaningful negotiation within the next two years that you will not have it read capable of producing a nuclear weapons. then, the u.s. has the choice in its negotiations -- will the solution be containment or is it going to be a preventive strike? >> as he takes the oath again, he will do it with the experience of that presidencies are often formed by crises that happened outside of their control. he will know all folksy brought here last i did not change washington. he will try something -- you have to try something new if you want to accomplish his ambitious agenda this type. >> there are re
the sequestered, the debt ceiling, and you have the continuing resolution. the sequestered and debt ceiling fall on top of each other towards the end of february. these to say and republican leadership and the senate, which is served in for 12 years, you never take a hostage you cannot shoot. the problem with the house was they took hostage the cannot shoot when they took the fiscal cliff. if the republican members of congress take the debt ceiling as a hostage, it is a hostage you cannot shoot. as a very practical matter, if we go over the debt ceiling, we do not increase the debt ceiling, republicans will not win the debate. they will argue they are not increasing it because they do not want to control spending but they will not win the debate. what will happen is the white house will pay with cash flow of the interest on the debt. the debt will not be called. what they might not pay our social security checks. the moment the american citizen figures out they may not go out, the game is over. tenfold. because believe me, though congress can stand up to the senior lobby. so that is not a legiti
worries about higher taxes. consumption makes up 70% of the u.s. economic growth. the debt ceiling debate, presidential report card and quiet market rally. what does it mean for you money? joining us right now, jared bernstein, center on budget and policy priorities and chief economist to vice president biden. also with us, russ koesterich. thanks for joining us. >> thanks, maria. >> russ, let me kick it up with you. a pretty good rally. on thursday the s&p 500 hitting yet another five-year high. is this rally for real? do you think it's sustainable going forward as we continue through this earnings period? >> i think in the short term, it is. i think we're probably going to hit a road bump in february. the reason i say that is we've got a lot of flows coming into the market early in the year. people were nervous in december. they're coming back in to stocks. that's a good thing over the longer term. we do have some issues coming up. the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the tax increaseses, payroll tax holi
's an upcoming one with the debt ceiling. ep has to acknowledge this not so pretty reality in the washington as he gives a speech that's supposed to be inspirational. >> the reality is the same congress he was working with on friday will be the same congress he's working with come tuesday despite the speech. we'll watch closely to see more details coming up. thank you so much. we'll watch more of this ahead. >> we always know security is tight in washington, but for the inauguration, it is as tight as it can possibly get, like the motherload of security here. joe johns is here with us to talk about the whole situation. what are we seeing? >> well, john, first of all, there are probably going to be something like 12,000 security people that we know of in and around the national mall for all of the events. so let's break that down a little bit. there are about 4,000 d.c. police officers all of whom will be available for security, different shifts probably working between 12 and 1 hours on sunday and on monday. we have something like 6,000 national guard people, men and women, who are brought h
hard fall on both gun control and the debt ceiling. the president simply will not offer any compromise on federal spending that might get a debt deal done. on guns as we just heard, is he threatening executive orders. so i think the president simply wants to damage the republicans rather than solve complicated problems, at least at this juncture. joining us from washington with his take fox news political analyst charles krauthammer. i see it as a chess game. rather than both parties working together to get some gun legislation that might help folks control criminals in that area and rather than getting the debt ceiling done with some, you know, meaningful cuts in spending, the president says, you know, i'm not even going to bother. i want to alienate the republicans so that people will be angry with them. am i wrong? he has been doing that since elections day, i wrote a column ever since september pointing out entire strategy for the fiscal cliff was to split the republicans. it had nothing to do his offers had nothing to do with solving the fiscal issue or solving the debt. he showed
the debt ceiling in a timely manner and providing more clarity on policies could actually generate a boost in confidence and open the door for faster growth in the second half of 2013. looking at the labor market, we see lackluster growth in 2013 wing on job creation. we actually see gains of slowing in the first half of 2013 before picking up. it is a little bit slower than in the 4 1/4 with the doctrines of around 50,000 per month. slower gdp growth is going to be driven, we think, by a consumer that is going to be hobbled by tax increases. we will remain positive in 2013 combined -- in 2013, but not appositive in consumer spending over the fourth quarter the second half will be particularly weighed down by less money in their paychecks. and we think as the year progresses, the strength of the housing market, the while the effects of the home price gains and perhaps to improvement in housing could lead to somewhat stronger consumer spending. we did see a 12% gain in housing starts this morning month over month. 37% year over year. these are strong numbers. we did see improvement in home
the debt ceiling for three months. what this bill will actually do is set a provision that if the senate does not pass that budget in three months then their pay checks would be withheld, so that's the enforcement mechanism. it actually doesn't require any promise that the senate do its budget. there's conceiveably still the thought that they could not do the budget and not get paid. host: so then the house would respond in kind? tell us a little bit then why use this as a mechanism? >> the strategy here is they are trying to go on offense again, because they had a brutal holiday stretch of sort of failed negotiating ploys and in-fighting and they are trying to turn the tables so people will talk about why went to democrats cut spending? one way they can do that is by talking about the fact that the senate hasn't passed a budget in four years. it's uplimited value there's a conventional wisdom that it's not that important but when the people in the country hear that the senate hasn't passed a budget which sounds like a basic failure of their duty and it's an effective talking point the r
Search Results 0 to 8 of about 9 (some duplicates have been removed)